Non-Delegated Lenders

Non-Delegated Lenders:

You can be assured that our underwriting decisions take a balanced approach to risk, backed by the local market knowledge of the seasoned underwriters assigned to your loan submissions. Get confidence of coverage that comes from a clear view of risk – regardless of who does the underwriting.

Non-Delegated lenders will have 60 days from the loan closed date to submit their 4 documents in order to receive SafeGuard 12 months rescission relief. National MI will send reminders to ensure you’re covered.

Non-Delegated approvals without Independent Validation are subject to 36 month rescission relief. Quality Control (QC) audits are the means by which National MI evaluates the quality of closings from Non-Delegated lenders that elect not to have their Closing Files validated. The QC confirms whether or not the lender should remain approved. Non-Delegated approvals with Closing Files audited by QC may be eligible for 12 month rescission relief (the QC audit serves as the Independent Validation) provided they fall within the tolerances established for Independent Validation.

Master Policy Holders (MPH) will receive a request for files via email if one or more loans have been selected for QC. The request will include the due date. File submissions should include, at a minimum, the Final Closing Disclosure, Final Signed Note, Mortgage (Deed of Trust) and Title Insurance Commitment. Submission options include system upload, disk, secure email, and other means as described in For Non-Delegated Lenders: Submission Instructions.

National MI’s QC department will share preliminary audit results via email and provide MPHs with an opportunity to respond. QC will finalize the audit findings after taking into consideration any response and additional information submitted. The final audit findings will be shared for all files included in the preliminary results.